Pages

Monday, December 31, 2018

The stock market's epic fourth-quarter reversal is one for the history books

This volatile market year was full of historical milestones and the end of the year will be no different for a key stock index.

For the first time ever, the S&P 500 will end the year with a loss after being positive for the first three quarters. The benchmark index was up 9 percent through the first three quarters of the year. Then the October sell-off began. The S&P 500 fell 7 percent in October and accelerated those losses this month, in what is likely to be the index's worst December performance since the Great Depression.

Read More: Here are the best and worst performing stocks of this tough and volatile year for the market

The S&P 500 is set to end 2018 down nearly 7 percent. The fourth-quarter sell off flies in the face of history, as the last three months are typically the strongest time of the year for the markets.

Let's block ads! (Why?)

from Top News & Analysis https://cnb.cx/2EWtATg
via IFTTT

No comments:

Post a Comment